Company: Fincantieri, Italy
Nomination Submitted by: Tancredi Group
Company Description: With over 230 years of history,Fincantieri is one of the world’s largest shipbuilding groups, the only one active in all high-tech marine industry sectors. It is leader in the construction and transformation of cruise, naval and oil & gas and wind offshore vessels, as well as in the production of systems and component equipment, after-sales services and marine interiors solutions.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Company of the Year - Aerospace & Defense - Large
 Nomination Title: Fincantieri
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the achievements of the nominated organization since 1 January 2022, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: Briefly describe the nominated organization: its history and past performance (up to 200 words):
Total 142 words used.
Fincantieri is one of the world’s largest shipbuilding groups, the only one active in all high-tech marine industry sectors. It is leader in the construction and transformation of cruise, naval and oil & gas and wind offshore vessels, as well as in the production of systems and component equipment, after-sales services and marine interiors solutions. Thanks to the expertise developed in the management of complex projects, the Group boasts first-class references in infrastructures, and is a reference player in digital technologies and cybersecurity, electronics and advanced systems.
With over 230 years of history and more than 7,000 ships built, Fincantieri maintains its know-how, expertise and management centres in Italy, here employing 10,000 workers and creating around 90,000 jobs, which double worldwide thanks to a production network of 18 shipyards operating in four continents and with almost 21,000 employees.
- If you are providing written answers for your submission, you must provide an answer to this second question: Outline the organization's achievements since the beginning of 2022 that you wish to bring to the judges' attention (up to 250 words):
Total 226 words used.
Fincantieri has made significant strides in the maritime industry since 2022, emphasizing its dedication to excellence and innovation.
A standout accomplishment is the notable surge in new orders, with a nearly 24% increase in 2023 compared to the previous year. Particularly, the company has garnered substantial interest in its defense solutions from Southeast Asia (SE Asia) and the Middle East and North Africa (MENA) regions, indicating its esteemed global standing as a premier supplier of advanced naval products.
Additionally, Fincantieri solidified its industry leadership through strategic partnerships and acquisitions with key players in high-value markets. For example, in 2023, it partnered with Leonardo to develop surveillance and protection systems for critical infrastructures and underwater maritime areas, enhancing competitiveness and market reach. Moreover, the acquisition of Remazel Engineering in early 2024 further bolstered its position in the Subsea and Marine Energy sectors.
Fincantieri also strengthened its presence in the offshore market, capitalizing on institutional support for green transition and favorable market conditions. This resulted in a remarkable 115.2% increase in order intake in 2023 compared to 2022, with subsidiary Vard securing significant contracts for CSOV and cable-laying vessels, including a customized hybrid unit in Japan.
Overall, Fincantieri's achievements over the past two years underscore its commitment to industry leadership and innovation, positioning it as a key player in shaping the future of maritime technology and sustainability.
- If you are providing written answers for your submission, you must provide an answer to this third question: Explain why the achievements you have highlighted are unique or significant. If possible compare the achievements to the performance of other players in your industry and/or to the organization's past performance (up to 250 words):
Total 212 words used.
Fincantieri’s recent performance underscores its unique position as the sole entity engaged in all facets of advanced shipbuilding, holding significant implications for the industry. The 2023 results underscore the Group's robust competitive stance, leveraging its global production capacity, diverse clientele, vertical integration, and stellar execution. A substantial backlog, fueled by a surge in new orders and partnerships with industry giants, reflects its agility and innovation amidst fierce competition.
Despite macroeconomic hurdles, Fincantieri maintains a strong presence in the defense sector, showcasing strategic acumen and resilience. Notably, it spearheaded efforts in the underwater domain, consolidating national supply chains.
With a focus on maritime sustainability, Fincantieri targets zero-emission ships in ports by 2035, facilitated by substantial green financing and sustainability-linked loans. The company emphasizes the pivotal role of financial institutions in fostering collaboration between shipbuilders and cruise operators towards environmental objectives.
Innovative propulsion technologies and alternative fuels like LNG, methanol, and hydrogen drive Fincantieri's transition to low-carbon vessels. Additionally, significant strides in engine design, digital twin platforms, AI, and automation underscore its commitment to technological advancement.
Fincantieri's accomplishments not only defy market pressures but also affirm its leadership in addressing global challenges like climate change. Through strategic initiatives and technological prowess, it remains at the forefront of maritime innovation, shaping the future of shipbuilding.
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 104 words used.
https://www.fincantieri.com/globalassets/investor-relations/bilanci-e-relazioni/2023/fincantieri-annual-report-2023-english-translation-non-esef.pdf
https://www.fincantieri.com/it/media/comunicati-stampa-e-news/2024/fincantieri-completa-lacquisizione-del-100-di-remazel/
https://www.fincantieri.com/en/media/press-releases/2023/fincantieri-signed-a-more-than-200-million-dollar-contract-for-a-hybrid-cable-laying-and-construction-vessel-in-japan/
https://www.fincantieri.com/globalassets/investor-relations/bilanci-e-relazioni/2022/eng_fincantieri_annual_report_2022.pdf
https://www.fincantieri.com/en/investors-relations/investing-in-fincantieri/financial-highlights/
https://www.fincantieri.com/globalassets/press-releases/non-price-sensitive/2023/cs_mou_fincantieri_leonardo_eng.pdf
https://www.fincantieri.com/en/media/press-releases/2023/fincantieri-to-build-a-cable-laying-vessel-for-prysmian-group/
https://www.offshore-energy.biz/italys-saipem-and-fincantieri-jointly-pursuing-subsea-robotics/
https://www.fincantieri.com/en/media/press-releases/2024/sun-princess-delivered-in-monfalcone/
https://www.fincantieri.com/globalassets/press-releases/price-sensitive/2023/fincantieri-to-build-the-fourth-constellation-class-frigate-for-the-us-navy.pdf
https://www.fincantieri.com/en/media/press-releases/2024/the-bod-approves-2023-consolidated-financial-statements-and-draft-financial-statements-of-the-parent-company/
https://www.fincantieri.com/en/media/press-releases/2023/new-sustainability-linked-sace-guaranteed-financing-further-strengthening-fincantieri-financial-structure/
https://www.fincantieri.com/globalassets/supplier/supplier-summit/supplier_summit_1_folgiero.pdf
https://www.fincantieri.com/en/media/press-releases/2023/fincantieri-and-leonardo-strategic-collaboration-in-the-underwater-domain/
https://www.fincantieri.com/globalassets/investor-relations/presentazioni/eventi/2024/fincantieri_future_on_board_fy23_.pdf
https://www.fincantieri.com/en/media/press-releases/2023/fincantieri-and-wsense-signed-an-agreement-on-the-underwater-domain/
https://www.fincantieri.com/en/media/press-releases/2024/fincantieri-and-saipem-collaboration-in-the-subsea-domain/
https://www.fincantieri.com/globalassets/investor-relations/bilanci-e-relazioni/2023/half-year-financial-report-at-june-30-2023.pdf
https://www.fincantieri.com/globalassets/investor-relations/bilanci-e-relazioni/2023/fincantieri-annual-report-2023-english-translation-non-esef.pdf
https://www.fincantieri.com/globalassets/comunicati-stampa/price-sensitive/2023/fincantieri230727sc.mp4
https://www.fincantieri.com/globalassets/press-releases/price-sensitive/2023/fincantieri-2023-2027-business-plan-presentation.pdf
https://www.fincantieri.com/globalassets/press-releases/price-sensitive/2024/fincantieri_pr_fy2023.pdf
https://www.fincantieri.com/globalassets/investor-relations/presentations/results/2023/fincantieri-1q2023-results_2023-2027_strategic-plan.pdf
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